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Las Vegas Massacre Begs the Question: Who Regulates Gun Selling?

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Las Vegas Metro Police and medical workers stage in the intersection of Tropicana Avenue and Las Vegas Boulevard South after a mass shooting at a music festival on the Las Vegas Strip in Las Vegas, Nevada, Oct. 1, 2017. VOA
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  • By Salil Gewali

Oct 08, 2017: Money can do any harmful thing. Yes, now it seems that one can buy lethal weapons as easily as he buys his bread and butter from a store and the recent las vegas massacre proves this. How many have such violent cases happened in a couple of years? They are countless. They all have instantly extinguished the lives of endless innocent people. Sometimes Mississippi, Newtown, Texas, Las Vegas, and sometimes France, Kuwait, Manchester, Landon Bridge, Lahore…! In each case, if we go deeper, the big boss America is directly or indirectly responsible.

Well, as to the rise of gun culture in the USA, I totally blame its Government. The very recent Las Vegas massacre shocked the entire the world. How can the US Government allow Tom, Dick, and Harry to purchase the weapons? The police have found a stockpile of arsenal from the possession of perpetrator Stephen Paddock who killed 59 people, leaving 527 wounded. How did he procure this all deadly stuff? And what had stopped the government from totally banning gun selling in any manners in the wake of the cruel instances of shootings at various spots? Small kids are shooting themselves, schoolboys shooting their classmates for fun, sons gunning down fathers and mothers in a rage, wives shooting their hubbies over petty issues.

Las Vegas Massacre
Assault weapons and handguns are seen for sale at Capitol City Arms Supply in Springfield. VOA

Also Read: Las Vegas Mass Shooting Reignites Gun Debate in US Congress 

This is how the most advanced country in the world is now virtually reeling from a stream of horrific tragedies. Are not the leaders and business houses insanely stupid who all have been resisting the gun control legislation? They have not realized yet the “evil” also roars from gun barrels. Bluntly speaking, can these leaders give sharp daggers to their own kids? It is exactly like that. People may have grown up but their minds are cluttered with gory thoughts and sadism. And, the results are nowhere to make the world shudder with fear and anguish.

One wonders, how much more such dangerous tragedies should strike the mankind before the leaders come to sense and then act sensibly. No one should gamble with the life of the innocent. Explosive America cannot hit the jackpot for the humanity.

Salil Gewali is a well-known writer and author of ‘Great minds on India’. Twitter @SGewali

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Saudi Arabia’s Sovereign Fund Invested $1 Billion In An American Electric Car Manufacturer

Saudi Arabia's 33-year-old Crown Prince Mohammed bin Salman has talked about using the PIF to help diversify the economy of the kingdom.

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lucid motors
Derek Jenkins, VP of Design at Lucid Motors, introduces the alpha prototype of the Lucid Air at the 2017 New York International Auto Show in New York City. VOA

Saudi Arabia’s sovereign wealth fund invested $1 billion Monday in an American electric car manufacturer just weeks after Tesla CEO Elon Musk earlier claimed the kingdom would help his own firm go private.

Tesla stock dropped Monday on reaction to the news, the same day that the Saudi fund announced it had taken its first loan, an $11 billion borrowing from global banks as it tries to expand its investments.

The Saudi Public Investment Fund said it would invest the $1 billion in Newark, California-based Lucid Motors.

Lucid Motors
Lucid Motors. Flickr

The investment “will provide the necessary funding to commercially launch Lucid’s first electric vehicle, the Lucid Air, in 2020,” the sovereign wealth fund said in a statement. “The company plans to use the funding to complete engineering development and testing of the Lucid Air, construct its factory in Arizona, enter production for the Lucid Air to begin the global rollout of the company’s retail strategy starting in North America.”

Lucid issued a statement quoting Peter Rawlinson, its chief technology officer, welcoming the investment.

“At Lucid, we will demonstrate the full potential of the electric-connected vehicle in order to push the industry forward,” he said.

The decision comes after Musk on Aug. 7 tweeted that he had “funding secured” to take Tesla private. Investors pushed Tesla’s shares up 11 percent in a day, boosting its valuation by $6 billion.

Lucid Motors
Electric Car

There are multiple reports that the U.S. Securities and Exchange Commission is investigating the disclosure, including asking board members what they knew about Musk’s plans. Experts say regulators likely are investigating if Musk was truthful in the tweet about having the financing set for the deal. Musk later said the Saudi Public Investment Fund would be investing in the firm, something Saudi officials never comment on.

Meanwhile Monday, the sovereign wealth fund known by the acronym PIF said it had taken its first loan, an $11 billion borrowing. It did not say how it would use the money, only describing it as going toward “general corporate purposes.”

Also Read: Electric Cars: The Newest Trend in India

The Las Vegas-based Sovereign Wealth Fund Institute estimates the Saudi fund has holdings of $250 billion. Those include a $3.5 billion stake in the ride-sharing app Uber.

Saudi Arabia’s 33-year-old Crown Prince Mohammed bin Salman has talked about using the PIF to help diversify the economy of the kingdom, which relies almost entirely on money made from its oil sales. (VOA)